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01-05-2017, 01:13 PM
#6001
https://nzx.com/companies/SML/announcements/300453
The announcement from Synlait today gives some hints around future prospects of growth for A2 in an indirect way...in particular the following statement...
“We’re anticipating a rapid pace of growth in the coming years as we pursue profitable new opportunities to make the most from milk. This requires us to continue developing our team and people at all levels,” said John Penno, Managing Director and CEO.
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01-05-2017, 04:18 PM
#6002
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02-05-2017, 12:47 PM
#6003
Interest in A2M from this article by FastCompany. as well as hints of products and progress in the US. Early days in this market 'tho.
(PS I'm taking a self imposed break from this forum, so no more posts for me for a while..... good luck to all holders....DYOR)
"Waltrip sees a2 Milk not just as a milk company but as something much bigger: expanding to capture more of the shopping cart, through lines of yogurt, cheese, cream, and ice cream. Meanwhile, the company already has a line of infant formula that’s doing well overseas. “Look, we started as a milk company and that was our foundation, but what we really are is a dairy nutrition company.”
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02-05-2017, 03:28 PM
#6004
NZ or Aus company?
For Tax purpose I was wondering is ATM a NZ or Aus company?
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02-05-2017, 04:53 PM
#6005
Originally Posted by forest
For Tax purpose I was wondering is ATM a NZ or Aus company?
My guess is that it depends on where your shareholding is domiciled.
For clarity, nothing I say is advice....
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02-05-2017, 05:10 PM
#6006
Originally Posted by peat
My guess is that it depends on where your shareholding is domiciled.
Not quite. It does make absolutely no difference for the tax status, whether the shares are bought (and hold) on the ASX or the NZX. There are a number of NZ companies which trade their shares on the ASX (most dual listing: SNZ, but some are just on the ASX - e.g. BRL), as well as a number of Australian or other overseas companies who happen to trade their shares on the NZX (ANZ being one of them, but TEM springs to mind).
However - given that ATM reports in NZD would I assume that they are a NZ company (even if they are quite coy about their premises ...).
----
"Prediction is very difficult, especially about the future" (Niels Bohr)
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02-05-2017, 05:22 PM
#6007
This from latest halve year report.
Registered
office
c/o Simpson Grierson
Level 27
88 Shortland Street
Auckland 1010
New Zealand
Level 11
80 Mount Street
North Sydney NSW 2060
Australia
Telephone: +61 2 9697 7000
Still wondering if ATM is NZ or Australian for tax purpose?
Can any of the accountants here on the forum shed some light?
Last edited by forest; 02-05-2017 at 07:47 PM.
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02-05-2017, 10:00 PM
#6008
A2M.ASX finished the day up at 3.17AUD = 345NZD
Due to the announcement this evening about the establishment of an emerging market division, welcomed expansion into SE asia.
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03-05-2017, 07:40 AM
#6009
Originally Posted by hardt
A2M.ASX finished the day up at 3.17AUD = 345NZD
Due to the announcement this evening about the establishment of an emerging market division, welcomed expansion into SE asia.
Yes, here is the announcement
https://nzx.com/companies/ATM/announcements/300535
So sure seem to have good pulse on where the future growth lies in.
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03-05-2017, 09:00 AM
#6010
May be the timing of the announcement indicates it is an Australian company. Put out after the NZ market is closed and before the close of the Australian one. Perhaps Turnbull wanted it that way.
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